Risk Management and Crisis Response Blog Risk Management and Crisis Response Blog

Capital markets regulator embracing renewal in the shadow of “unprecedented change”

Canada’s largest provincial capital markets regulator, the Ontario Securities Commission (the “OSC”),  while offering needed...

Ontario Appeal Court addresses the definition of a “security”: if it looks, walks and quacks like a duck, it MAY be a duck

In a decision released March 16, 2020 that may have implications for the regulatory treatment of certain financial instruments in...

Bankruptcy discharge not an option for securities law violators B.C. Court rules

On April 15, 2020, the British Columbia Supreme Court denied an application by a married couple previously found to have contravened B.C. securities...

Court of Appeal clarifies application of 60 day time limit for hearing Anti-SLAPP motions

In its recent decision in Amorosi v. Barker, 2020 ONCA 144 (“Amorosi”), the Court of Appeal for Ontario clarified how the 60 day time...

Regulators push deadlines for reform implementation in response to COVID-19

As the COVID-19 pandemic saga continues to unfold, financial regulators continue to demonstrate flexibility for market participants and their staff...

Tips and awards: the OSC and SEC whistleblower programs report milestones

The enforcement team at the Ontario Securities Commission (the “OSC”) is emphasizing the unique role that industry experts should play in...

Did the SCC set an unreachable bar for accused to argue delay during verdict deliberation time?

On March 20, 2020, the Supreme Court of Canada (SCC) rendered judgment in R. v. K.G.K. (K.G.K.), in which it addressed how to determine whether...

COVID-19: Ontario and Québec governments limit non-essential business operations

In response to the COVID-19 pandemic, provincial governments across Canada have declared states of emergency and/or states of public health...